Ashfield Products Ltd.

Ashfield Products Ltd, based in Honiton, UK, is a small, active company established 16 years ago. With 17 employees and £1,896,523 in assets, it operates from a real address and is managed by three directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances – parts, with 8 months of import activity recorded, and exports the same items, boasting 48 months of export activity.

The business primarily focuses on manufacturing other fabricated metal products, catering to industrial clients. While a website isn't available to analyze, the company's focus on machinery suggests a B2B model rather than direct-to-consumer e-commerce.

Financial data reveals a mixed picture. While net assets increased by 16%, reaching £2,200,000, current assets decreased by 6.9% to £1,900,000. Bank borrowings surged by 150%, reaching £140,000, and cash reserves fell 65% to £130,000. Creditors decreased by 84%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. A significant increase in raw materials (61%) suggests increased production, but the decline in cash reserves warrants attention. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, Ashfield Products Ltd appears to be navigating a period of growth and change. The increased raw materials and borrowing suggest investment, but the drop in cash reserves needs monitoring.

Registered in England/Wales under the registration number 06614187, with a registered address at EX14 1SJ, Honiton, Devon, Unit 4 Gloucester Court, Heathpark Ind Est.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.